Becker, Christoph; Dürsch, Peter; Eife, Thomas A.; … - In: Journal of economic behavior & organization 236 (2025), pp. 1-22
Central bank surveys frequently elicit households’ probabilistic beliefs about future inflation by employing response scales centered around zero inflation. Analyzing data from the high-inflation period of 2022/2023, we demonstrate how this practice leads to distortions in households'...